Greenhouse Gas Reduction is the process of lessening the emission of greenhouse gases into the atmosphere. This primarily targets carbon dioxide, methane, and nitrous oxide. It is achieved through methods like improving energy efficiency, adopting renewable energy sources, and implementing carbon capture technologies. The objective is to mitigate climate change effects.
Context
Blockchain technology is increasingly explored for its ability to enhance the transparency and verifiability of greenhouse gas reduction efforts. This includes tracking emission reductions in supply chains and managing carbon offset registries. The accurate measurement and immutable recording of these reductions are crucial for market integrity and accountability.
The DLT-based platform digitizes the voluntary carbon market lifecycle, providing institutional clients with an immutable audit trail and DvP settlement.
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